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FEDERAL RESERVE B N OF S N FRANCISCO
AK
A
San Francisco 20, California
August 21, 1943

Board of Governors of the
Federal Reserve System,
Washington 25, D. C.
Dear Sirs:
W enclose duplicate clippings from
e
the San Francisco faminer of August 20, 1945,
concerning Transamerica1s plans to sell stock
in the First National Bank of Portland. In
the second paragraph reference is made to the
Pacific Coast Mortgage Company.
Ihis will supplement the clippings
from the Pacific Coast Edition of the Wall
Street Journal, August 20, sent you yesterday.
Yours very truly,
(Signed) Ira Clerk
First tice President
Enclosures.